BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 114723.160000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 119450.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119450.000000000 |
| Current Price | 117950.470000000 |
| Next Low | 114723.160000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
119450.000000000 – 119273.360000000 – 120247.800000000 – 114723.160000000 – 117103.100000000 – 117301.000000000 — 53.95097333361 – 49.696628558929
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – –